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JumpStock platform reduces waste and generates savings that can be redirected to improve care delivery

(Austin – June 26, 2018) Jump Technologies, a leading provider of supply chain solutions for hospitals and health care systems, announced today its endorsement by the Texas Hospital Association as a partner to help Texas hospitals save money and enhance patient care. The Jump Technologies platform helps hospitals improve utilization of supplies and bridge any gaps in systems from delivery to the point of patient care.

Supply chain management is an area that, if improved, could drive significant financial value for independent hospitals and health systems year over year. According several studies, the U.S. health care system loses billions annually in supplies and equipment due to inefficient inventory management, inability to track supplies to patient billing, and expired materials.

JumpStock from Jump Technologies is a secure, cloud-based platform that allows hospitals to track and manage inventory from the loading dock to the patient. The JumpStock solution reduces stock outs, inventory hoarding, and product expiration – all of which contribute to lost revenue and unnecessary spending.

“Jump Technologies offers our member hospitals an updated and improved approach to supply chain management – one that solves many of the current pain points like siloed information or difficulty coordinating between systems,” said Ted Shaw, THA president/CEO. “Jump Technologies is an exciting addition to our list of endorsed partners, and I’m confident they will help Texas hospitals generate improvements that reach far beyond the supply room.”

By reducing waste and capturing billing that is often not adequately tracked, JumpStock allows hospitals to free up money that can be redirected to areas that directly impact patient care and satisfaction.

“Taking control of inventory management doesn’t have to be complicated, but some hospitals continue to rely on outdated processes or enterprise resource planning systems that are not designed to track supplies and integrate with billing systems,” said John Freund, co-founder and CEO of Jump Technologies. “We are excited and proud to be endorsed by the Texas Hospital Association and to bring JumpStock to hospitals and health systems across the Texas.”

The cloud-based, mobile format of JumpStock complements a hospital’s existing ERP/EMR system and makes it easy to implement seamlessly into existing workflows in high-use, high-cost areas, such as operating and procedure rooms. Automated re-ordering processes allow hospitals to confidently reduce their levels of on-hand inventory while accurately tracking supplies from the time they arrive at the loading dock to the moment they reach a patient.

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FOR IMMEDIATE RELEASE.
FOR MORE INFORMATION, CONTACT:

Lance Lunsford, chief marketing officer
512/298-7371
Email: llunsford@tha.org
Twitter: @lancelunsford

Barbara Tabor, APR
651/230-9192
Email: barbara@taborpr.com

Connect with THA:

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About THA
Founded in 1930, the Texas Hospital Association is the leadership organization and principal advocate for the state’s hospitals and health care systems. Based in Austin, THA enhances its members’ abilities to improve accessibility, quality and cost-effectiveness of health care for all Texans. One of the largest hospital associations in the country, THA represents 452 of the state’s non-federal general and specialty hospitals and health care systems, which employ some 369,000 health care professionals statewide. Learn more about THA at www.tha.org or follow THA on Twitter at http://twitter.com/texashospitals.

About Jump Technologies
Jump Technologies creates sophisticated supply chain solutions for health systems and independent hospitals and surgical centers. The JumpStock solution from Jump Technologies reduces stock-outs, inventory hoarding, and billing inaccuracies, while supporting data-driven decision making and utilization forecasting. For more information, visit http://www.jumptech.com or call (888) 373-7226. Follow Jump Technologies on LinkedIn and Twitter @JumpTechNews.